Question

Which of the following is NOT a reason to establish a positive credit history?

O To get larger loan amounts
O To avoid late fees
o To open multiple credit accounts
O To get lower interest rates

Answer 1

"To open multiple credit accounts"

Step-by-step explanation:

The reason "To open multiple credit accounts" is NOT a primary reason to establish a positive credit history. In fact, opening too many credit accounts can sometimes have a negative impact on your credit score, as it can be seen as a sign of increased credit risk. The other options (getting larger loan amounts, avoiding late fees, and getting lower interest rates) are typical benefits of having a positive credit history.